Retirement Elevated Podcast with Sean Lee

What Happens if Social Security Raises the Retirement Age?

Social Security is the backbone of retirement for millions of Americans, but big changes may be coming. On this episode, we dive into the recently released proposal to raise the full retirement age to 69 and what it means for your benefits, your future, and your financial security.
Here’s what we discuss in this episode:
0:00 – Intro
3:10 – The proposal
5:42 – Report details
8:53 – Lower benefits at age 62
11:00 – Will this improve Social Security?
13:38 – What changes will be made?
15:15 – What should you do now?
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
Contact us:
(801) 639-0095

Beyond The Metrics: What Makes A Successful Retirement?

When it comes to creating a successful retirement plan, the financial metrics are going to be a big part of achieving your goals. In order to enjoy your retirement, you need to have the ability to fund your lifestyle and not run out of money. But money isn’t the only measurement of success.
Here’s what we discuss in this episode:
0:00 – Intro
0:23 – What does success look like beyond the financial numbers?
1:43 – How retirement looks can change
4:45 – Creating stability in income
8:03 – Shift happens!
 
Schedule a 15-minute consultation:  https://calendly.com/erg-slc/15minutediscoverycall
Get your free copy of "Rounding Third:"  http://rounding-third.elevatemyretirement.com/
 
Contact us:
(801) 639-0095
slee@erg-slc.com

Is Dividend Investing Still a Viable Retirement Income Strategy?

Dividend investing has long been a popular choice for retirees looking to generate a steady income but is living off dividends still a viable strategy? Today we’ll talk more about the ways to generate income and the strategies we use to help ensure our clients have enough to live comfortably.
 
Here’s what we discuss in this episode:
0:00 – Intro
0:24 – Spring Training baseball
3:08 – Ways to generate income
5:38 – Incidental income
7:04 – Diversification
9:32 – Taxes
 
For more, visit us online at https://retirementelevatedpodcast.com/  
Watch the show on YouTube: https://youtu.be/xte1rK7_IFY 

Asking the Magic 8 Ball Financial Questions

Remember the thrill of shaking a Magic 8 Ball to get answers to your childhood questions? Would we ace that math test? Would we be famous someday? Well, today, we're bringing a bit of that magic back. But instead of asking about pop quizzes and playground crushes, we’re turning to the Magic 8 Ball for advice on something much more important: your retirement planning! What would the Magic 8 Ball have to say about these common retirement questions if it had the wisdom of a financial advisor?
 
Here’s what we discuss in this episode:
0:00 – Intro
2:00 – Never too early to start saving
5:12 – Is 1 million enough?
8:15 – Can I rely on Social Security?
10:24 – Multiple sources of retirement income
11:48 – Fewer retirement expenses?
14:58 – Future tax laws
 
For more, visit us online at https://retirementelevatedpodcast.com/  
Watch the show on YouTube: https://youtu.be/EMwDg_zQhmg 

What Accounts Do I Withdraw From First In Retirement?

Planning for retirement involves many crucial decisions, one of which is determining the best order to withdraw from your retirement accounts. Traditional advice often suggests a sequential approach- pulling money out of one type of account completely before moving to the next. But is this really the best strategy for everyone?
Tune in as Sean shares some key factors to consider when deciding the best approach for your retirement planning.
 
Here’s some of what we discuss in this episode:
Why Sean doesn’t believe a sequential withdrawal approach is best
How different withdrawal strategies can affect your tax liabilities and Medicare premiums
What does it mean to simultaneously pull money out of your accounts?
Working with a professional to customize your withdrawal strategy
 
For more, visit us online at https://retirementelevatedpodcast.com/ 
 

Retirement Baseball

No one hits a home run every time! While home runs are an exciting part of any baseball game, the end result of who wins the game has a lot more to do with how the rest of the game is played. Drawing from his extensive experience both on the field and in finance, Sean provides valuable insights into how the principles of baseball can be applied to crafting a successful retirement strategy. 
 
Here’s some of what we discuss in this episode:
The plan has to work.
How the game is really won.
What five things are needed in a retirement plan.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Rookie Investment Mistakes

Investing can be a daunting task, especially for those who are new to the game. In this podcast, Sean shares his expertise on common rookie investing mistakes and how to avoid them. Whether you're just starting out or looking to refine your strategy, Sean emphasizes the importance of knowing what each investment is for. Just like players on a baseball team, each investment should have a specific job to do.
 
Here’s some of what we discuss in this episode:
Rookie mistakes happen, whether it’s in baseball or finances.
Every investment should have a purpose.
Understand the risk each investment carries.
Be careful about letting your emotions take over your financial decisions.
Use caution with “hot tips” you hear.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 
 

Retirement Satisfaction

Who are the people who have the highest satisfaction in retirement? And how can you be one of them? It begins with understanding your retirement needs. Sean outlines the importance of clarity and confidence in your financial situation. He stresses that knowing the math problem- what you'll need versus what you'll have- is the first step toward a robust retirement plan.
 
Here’s some of what we discuss in this episode:
What does “peace of mind” mean in retirement?
The three ways to create income from your investments.
Having and keeping financial independence in retirement.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 

Irreversible Financial Decisions

Have you ever wondered about the decisions in life that you can't take back? Today, we deep dive into the irreversible choices that can shape your financial future, especially when it comes to retirement.
 
Here’s some of what we discuss in this episode:
When you start taking Social Security matters.
Choose wisely regarding your pension benefits.
You can’t get life insurance once it’s too late and your family needs it.
How to know what the right retirement date is for you.
 
For more, visit us online at https://retirementelevatedpodcast.com/ 
 
 

Financial Mistakes Made During Divorce

What kinds of financial mistakes do people make amidst a divorce? If you find yourself facing a divorce, there are some financial things you will want to be aware of as you move forward. From how to divvy up assets in a way that is financially sound to dealing with your emotions, there’s a lot to keep in mind. 
 
Here’s some of what we discuss in this episode:
Choosing the house over other financial assets.
Don’t ignore tax implications of retirement funds.
Rolling a spouse’s retirement account directly into an IRA.
Your emotions can cloud your decision-making.
How does an advisor help a couple getting a divorce?
 
For more, visit us online at https://retirementelevatedpodcast.com/